I'm exploring purchasing
a yacht in the UK and bringing back to Sydney
, so information in this thread has been invaluable thank you. It's a tad more involved than I expected.
So let me see if I've got this correct:
1. It's highly advisable to get Australian registration before leaving the UK
2. This registration may take as long as a month?
That means that when you complete the transaction in the UK, one has no choice but to delay leaving the UK and hang around for atleast a month there twiddling thumbs, racking up living expenses and enjoying the english
whilst waiting for the rego approval to come through?
Also, regarding 10% GST and 5% Import
Duty, lets (hypothetically) say you purchase
a yacht for $30KAus, and you spend $5k on say rigging
and sail upgrade getting it ready for the trip, duty and GST wouldn't be charged on that $5k would it? I mean how are they going to know? And you could extend the same argument to say Nav electronics
upgrade although this would be more obvious, and I'd prefer to do this in Oz.
Also also, am I correct in assuming that VAT is not payable on purchase
of the yacht, or any upgrades spent on getting yacht ready for voyage?
[Note to self; weigh jordan drogue
to calc. Oz to UK baggage cost]